Arab Today, arab today investment for morocco tops august period
Last Updated : GMT 15:47:02
Arab Today, arab today
Arab Today, arab today

More Moroccan Money

Investment for Morocco tops August period

Arab Today, arab today

Arab Today, arab today Investment for Morocco tops August period

Morocco’s Foreign Exchange Office
Casablanca - Raja Battaoui

Morocco’s Foreign Exchange Office According to the latest records issued by Morocco’s Foreign Exchange Office, 35.32 billion Dirhams has increased from 34.48 billion Dirhams during the same period of last year from money being transferred by the Moroccan community living abroad.
The reason for this is because it is less costly compared to other resources which need raw material, working power, transportation and equipment.
According to the latest international emigration records, Morocco is ranked tenth among countries taking benefits from Moroccans abroad who represent four million.The reason for this is due to the positive participation in supplying the country with foreign exchange money and therefore increasing the Moroccan economic cycle.
In the same context, the university professor and researcher in emigration affairs, Abdul Karim Blkndoz said, \"the money transferred by emigrant Moroccans are supplying enough money for foreign exchange in which the state needs to trade internationally.”
He added, \"during 1960, the transfer represented only 60 million Dirhams, while in the last year it reached 60 Billion Dirhams, thus reflecting the spiral increase in the money transfer chart.\"
It shows that from the numbers issued by the exchange office, money transferred from abroad was not affected by the economic crisis in Europe, especially Italy and Spain, which hosts large numbers of Moroccans.
Blkndoz says, “if we want to discuss the relation between transfer and the economic crisis, we must take into consideration the case of each country separately\"...\"According to the important role played by the transfer in the Moroccan national economy, any problems that will affect the financial balance in the kingdom , Moroccans from poor parts of the country will depend entirely from money sent abroad.”
\"Moroccans abroad and development,\" is a book which points to a number of data carrying several meanings. There are about 26% of investors that are facing difficulties in preceding their projects including slow administrative work, lack of cooperation, spreading nationalism and bribery and the increase in tax rates.
The Moroccan government needs to take rapid action in adopting new laws to simplify administrative procedures related to investment like facilitating licenses and allowing investors from Moroccans living abroad to take fiscal facilities, and encourage them to stay in Morocco in order to invest their savings to their home country instead of being directed to the host countries.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investment for morocco tops august period Arab Today, arab today investment for morocco tops august period

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes

GMT 21:20 2017 Thursday ,23 March

CBI sells more than $164m

GMT 19:19 2017 Wednesday ,22 March

Saudi Labor minister amends "Netaqat" program

GMT 16:52 2017 Wednesday ,22 March

German's parliamentary delegation visits Tunisia

GMT 10:38 2017 Tuesday ,21 March

Washington signals about-face on globalization
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 22:19 2017 Friday ,24 March

Reveals reasons of hepatitis in Algeria

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday